The post Cardano Launches USDCx Stablecoin Backed by Circle’s USDC appeared on BitcoinEthereumNews.com.

Market News Cardano introduced its new stablecoin, USDCx, backed by Circle’s USDC. The new stablecoin will help expand DeFi and improve interoperability across the blockchain network. The announcement follows Cardano’s introduction of its new stablecoin, USDCx, which Circle backs 1:1 with its widely used USDC. The launch of USDCx has further enhanced Cardano’s footprint in decentralized finance. Cardano introduced the new stablecoin as an interoperable asset that can operate across connected blockchain networks. The team introduced the new stablecoin to facilitate seamless value transfers without price fluctuations. It has been further perceived as a bridge between Cardano and other decentralized finance networks that are anchored with USDC. The new stablecoin has been issued with a mechanism that ensures each token is fully backed by Circle’s USDC. This backing aims at maintaining price stability and trust among users using the new asset. Cardano developed the USDCx using the capabilities of its native assets. This took advantage of the multi-asset ledger of the blockchain to enable direct transfers without the use of smart contracts. Cardano developers and partners have indicated that the USDCx will enable payment, yield, and DeFi opportunities. USDCx on @Cardano, a USDC-backed stablecoin with seamless access to crosschain USDC liquidity, is now available via Circle xReserve. With USDCx, enterprises and end users can power payments, lending, trading, borrowing, liquidity provision, and more using a highly liquid… pic.twitter.com/zPnVyuImZg — Circle (@circle) February 27, 2026 Interoperability and DeFi Growth on Cardano The introduction of USDCx also points to the need for interoperability in the decentralized landscape, as it can connect to other chains through supported bridge protocols. Analysts point out that the presence of stablecoins in the market often indicates the extent of DeFi participation and access to market liquidity. The presence of stablecoins such as USDCx could also indicate the…

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Filed under: News - @ February 28, 2026 10:28 am